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This real-world proof-of-concept proves that Fnality can be used to make bilateral margin payments using the £FnPS, and marks the first instance of a fully regulated DistributedLedgerTechnology (DLT)-based payment system being used to settle margin for the purposes of real-world inter-bank derivative exposures.
The project tested the feasibility of conducting multilateral cross-currency transfers through the UDPN, involving both DistributedLedgerTechnology (DLT) and non-DLT-based CBDC technologies. The indirect model featured an on-chain DLT-based solution developed by UDPN engineers.
Marking a pivotal point, Indonesias efforts underscore its drive to harness digital technologies for modernising payment systems while safeguarding financial stability and promoting inclusivity. The PoC demonstrated the transformative potential of DLT-based systems in improving liquiditymanagement.
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